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Circle K Corp., a large convenience store...

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Circle K Corp., a large convenience store operator, said it has hired an investment banker to explore options to enhance shareholders’ value--news that caused the company’s shares to rise sharply. The Phoenix-based company said it hired Wasserstein, Perella & Co. to look into such options as an expansion, restructuring, recapitalization, a merger or joint venture. Circle K’s shares closed up $2.25 at $14.75 on the New York Stock Exchange.

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